414 Monastery PlUnion City, NJ 07087

414 monastery place union city 3 family investment 849 000 a strong investment should make sense today and still leave room for tomorrow 414 monastery place does exactly that recently updated and fully occupied this 8 bedroom 3 full bath 3 family generates approximately 83 400 in annual gross rental income with reasonable operating expenses and a projected 8 1 cap rate based solely on the 3 family for investors it s a straightforward opportunity three income producing units strong gross rents an attractive return and long term upside in one of hudson county s active rental markets for an owner occupant the property also offers future flexibility to live in one unit when available while income from the others helps offset ownership costs and for the buyer thinking bigger there s another conversation worth having the same owner is also offering 414 monastery place rear a separately taxed single family home and 408 12 monastery place rear an adjacent vacant parcel both currently listed for sale combined with the 3 family the three parcels total approximately 8 050 sf of land creating the opportunity to acquire the entire assemblage and explore a larger income and development strategy subject to zoning and municipal approvals stay focused on the 3 family or think bigger the choice is yours inquire within for details on the complete three parcel opportunity 83 400 gross income 8 1 projected cap fully occupied recently updated 414 monastery place is already working from day one